Kanchan Saraogi has acquired 89,00,000 equity shares in Cubical Financial Services Limited through a preferential allotment on September 7, 2026. This acquisition represents 9.46% of the company’s total issued and paid-up share capital. The disclosure was made in accordance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, to the BSE Limited and Cubical Financial Services Limited.
Key Acquisition in Financial Services
Kanchan Saraogi has announced the acquisition of a substantial stake in Cubical Financial Services Limited. The transaction, which took place on September 7, 2026, involved the preferential allotment of 89,00,000 equity shares. This acquisition now represents a significant 9.46% holding of the total issued and paid-up share capital of the target company.
Regulatory Disclosure
This disclosure has been made to comply with the requirements of Regulation 29(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Formal notifications have been submitted to both the Listing Department at BSE Limited and to Cubical Financial Services Limited. The announcement details the specific shareholding percentages before and after the acquisition, confirming the final stake at 9.46% of the diluted share capital.
Transaction Details
The mode of acquisition was a Preferential Allotment. Prior to this transaction, the acquirer’s holding in Cubical Financial Services Limited was nil. Post-acquisition, Kanchan Saraogi holds 89,00,000 shares carrying voting rights, constituting 9.46% of the total share capital. The total diluted share capital of the TC after the said acquisition stands at Rs. 18,81,40,000, comprising 94,070,000 equity shares of Rs. 2/- each.
Source: BSE
